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Glencore welcomes Australian govt's investments for clean future

By: Marleny Arnoldi     18th September 2020 Diversified miner Glencore has welcomed the Australian federal government’s decision to invest A$1.9-billion in a suite of new and emerging energy technology to position the country for a low-emission future. To this end, metals and minerals will play a key role in the global transition to a... 

BMG launches new online platform

By: Tasneem Bulbulia     18th September 2020 Industrial products provider BMG, part Engineering Solutions Group (ESG), has launched its new online shopping platform – BMG Online – to make doing business in the industrial sector easier. “Although the planning, development and execution for our e-commerce shopping portal go back over two... 

IDC, DBSA invest in development of locally-produced fuel cell energy tech  

By: Tasneem Bulbulia     17th September 2020 Development finance institutions, the Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC), have committed project development funding to Mitochondria Energy Company, a local South African business that was established with the purpose to provide affordable,... 

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest 

By: Martin Creamer     11th September 2020 London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs), has established a presence in South Africa. AP Ventures founding partner Kevin Eggers told this week’s virtual 2020 PGMs... 

TIPS says GDP has recovered greatly since April

By: Marleny Arnoldi     11th September 2020 In a latest Real Economy Bulletin, Trade & Industrial Policy Strategies (TIPS) finds that gross domestic product (GDP) has bounced back significantly since May, following the hard lockdown imposed in April. While GDP shrank by 16% in the second quarter of the year, seasonally adjusted but not... 

Afrox manages healthy dividend, profit despite lower demand in H1 

By: Marleny Arnoldi     11th September 2020 Gas supplier African Oxygen (Afrox) has declared a dividend of 38c a share for the six months ended June 30. It also posted earnings before interest and taxes (Ebit) of R336-million and basic earnings a share of 77.8c.  

Sustainable energy: a crucial component to accelerate SA’s economic recovery

By: Creamer Media Reporter      10th September 2020 Against the backdrop of severe economic pressure and an unreliable electricity supply, the local uptake of sustainable energy is gaining rapid momentum with solar power, in particular, proving key to unlocking the economic recovery that South Africa so desperately needs.  This is according to... 

Innovation drives mining efficiency, but also accessibility for women

By: Marleny Arnoldi     9th September 2020 Even though the mining industry has come a long way in providing more opportunities for women, women still only make up 12% of the industry’s workforce. The adoption of new innovations and technology can contribute to increasing the number of women working in the industry, says Women in Mining... 

Foot on the Gas – Developers of Matola LNG terminal intensify talks with potential customers to reach 2023 supply date 

9th September 2020 The front-end engineering design phase for a proposed greenfield liquefied natural gas (LNG) import terminal at the Port of Matola, in the Mozambican capital of Maputo, is underway and the developers of the project are now intensifying discussions with potential energy and industrial off-takers... 

Mninawe Silinga leaves CDC for TNPA

By: Tasneem Bulbulia     4th September 2020 Mninawe Silinga has resigned as CEO of the Coega Development Corporation (CDC) to join Transnet National Ports Authority (TNPA) as CE. The CDC noted that this has been long coming, after numerous attempts by other State-owned entities (SoEs) to enlist Silinga's services in recent years. 

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